First, before anyone accuses me of being too cheeky with this post, the events in Texas are terrible. I am not making light of them. I know several people there with frozen pipes and that was not something they ever imagined having to deal with. What’s unfortunate about the events Continue Reading
IAN’S ALERT: The McKinsey Opioid Settlement
We haven’t done an IANS ALERT in a long time. If you’re unfamiliar, IANS stands for “incurred and never spoken“, i.e. the future reserve charges management knows about but the actuaries aren’t made aware of yet. When Stephen Catlin talks about $200B reserve holes, he is sounding the alarm on Continue Reading
Making Sense of Reddit, GameStop, Robinhood, and Bubbles
I can probably write five or more posts on last week’s market activity, but I’m going to try to consolidate it into one long post (about twice a normal effort) without it becoming a novel and do short(ish) comments on a long list of topics. Some of these topics I Continue Reading